Market Overview

Citi Lowers Estimates And Target Price On Whole Foods

Share:
Related WFM
A Peek Into The Markets: U.S. Stock Futures Mixed Ahead Of Key Economic Reports
The Q2 Earnings Season, Explained

Citi reported that it was lowering its estimates on Whole Foods Market (NASDAQ: WFM).

Citi analyst Gregory R. Badishkanian accredited the lowering due to Whole Foods Market posting a miss in same-store sales and earnings per share for the second-quarter of the 2014 fiscal-year.

Badishkanian lowered the target price to $41.00 from $55.00 and stated, "Given updated guidance and trends (including weaker than expected SSS and reduced EPS guidance), we lower our FY14-16 EPS ests by 9c, 19c, and 30c each, respectively. Lowering tgt px by $14 to reflect our lower EPS forecast and a lower target multiple."

Whole Foods Market shares were up 1.78 percent Wednesday and closed at $38.38.

Latest Ratings for WFM

DateFirmActionFromTo
Aug 2017BarclaysDowngradesOverweightEqual-Weight
Aug 2017Tigress FinancialDowngradesBuyNeutral
Jul 2017Wells FargoDowngradesOutperformMarket Perform

View More Analyst Ratings for WFM
View the Latest Analyst Ratings

Posted-In: Citi Gregory R BadishanianAnalyst Color Price Target Analyst Ratings

 

Related Articles (WFM)

View Comments and Join the Discussion!
Loading...

Partner Center

Loading...